CandleFocus Polygon Co-Founder Slams Aave Leadership as ‘Monopolistic’
2024-12-18
Author: Content Editor
The Aave community is considering ending its operations on Polygon due to concerns about the risk profile of bridged assets. The concern arose from a proposal by Aave Chain founder Marc Zeller to revise risk parameters for Aave on Polygon. The proposal aims to mitigate risks tied to potential bridge vulnerabilities by setting loan-to-value ratios to 0% and freezing certain reserves. Interactions with bridged tokens would also be frozen under the proposal. The Polygon community has expressed opposition to the proposal, citing heightened risks for stablecoin holders. Polygon Labs has stated that the proposal is open for feedback. Sandeep Nailwal, Polygon's co-founder, shares these concerns but criticizes Aave's response, labeling it as monopolistic and anti-competitive. Both sides continue to advocate for collaborative solutions.
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